General Overview
The 2026 House Bill 954 (Chapter 713) directs Virginia Tax to evaluate options and recommend a uniform statewide procedure for how all localities should adjust bills and account balances for taxes and other locality-imposed charges when those payments are made in cash, in light of the United States Mint’s cessation of penny production. The evaluation must include:
- Whether bills and account balances should be rounded to the nearest five‑cent increment; and
- Whether sums due of less than five cents should be written down or written off.
Virginia Tax is required to publish a report of any findings and recommendations by November 1, 2026.
Legislative Documents
House Bill 954 (2026)